UK innovation is recession-proof?

The UK Telegraph today covers a report that offers advice for companies seeking to “secure a competitive edge,” and reports that UK companies “focused on innovation despite the recession.”

Among the advice offered:

• preserve innovation budgets
• explore partnerships
• target emerging markets as locations for low-cost R&D;
• focus on process innovation for greater cost-efficiency;
• and continuously evaluate innovation projects.

The study was conducted by UK Trade & Investment.